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And I have actually been proud to fulfill them and honored to invite them. Chairman Leahy. As my last inquiry, in some of the testimony this early morning there has been a tip that, of program, just with all the hundreds of billions, trillions of dollars all set to invest, you must simply go somewhere else.
I can have obtained fifty percent of that if I had the $12 million in money to put up. Everybody understands that, yes, financial institutions have cash to financing as long as you have actually got fifty percent of it in your pocket before you request the various other fifty percent. That is not how service functions these days.
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Legislator Grassley. Senator Grassley. I want to confess that we only have anecdotal information, however I would certainly like to ask you to what degree you have to go or do go to make sure that the facilities make certain that the financial investments do not produce jobs for individuals here illegally.
Mr. Stenger. Senator, I am a hands-on proprietor of a business, and I am on-property every single day. We have employed-- as I claimed, at the Optimal we had 550 construction workers on our project. The marching orders that I offered to my group is that we are to work with neighborhood business in almost every circumstances to do every one of the building and construction.
They are made up of 10, 15, 20, 30 employees. They are benefiting straight from the financial investment. I know the workers, I recognize their family members, and we have been able to employ-- via these last 3 find this years of awful financial chaos, we have been able to employ virtually every building and browse around this site construction employee in our county and the surrounding areas.
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They are spent in the communities, and they are all U.S. employees. Senator Grassley. Mr. Stenger.
Mr. North, along the very same lines of the inquiry I asked him, has your study shown instances other-- and I just offered one instance, so I want to admit that and be liable regarding it-- of centers working with undocumented individuals? Mr. EB5 Regional Center Program. North.
This is a poor application." There is an amount of negative applications out there, yet just once that procedure gets prior to an administrative law judge do we see much in the means of detail. Currently, there was one case that you discussed, and allow me just clarify on that particular a little bit.
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Do not take as well long since I intend to ask one more pair concerns. However go ahead and click resources quickly finish. Mr. North. The dairy ranch had asserted 17 employees, and they obtained right into it, and the judge discovered that 16 of them were illegals. Now, that is the one instance I have, and it is an excellent instance.
Okay. I am going to ask separate concerns of each of the three of you, but it manages this issue. As I claimed in my opening declaration, I am worried concerning the possible loophole that enables investors to withdraw their investment in local centers after getting their eco-friendly card.
Divine, are you familiar with any type of circumstances in which a capitalist took out the financial investment and strolled away instantly after getting a copyright? And if you are, or if you think it is a problem, do you think that it is a loophole that should be shut? Mr. Divine. I would state that many of the capitalists, if you inquired what are their objectives, they would certainly state, "I want to obtain a permit, and I intend to keep it.
Senator, no.